Canton Graphics Issues a $22,000, 10%, 8-Month Note to Bowden

question 52

Multiple Choice

Canton Graphics issues a $22,000, 10%, 8-month note to Bowden Corporation. Interest on the note is _________ and the maturity value is __________. (Do not round any intermediate calculations. Round your final answers to the nearest dollar.)

• A) $1,467; $22,000
• B) $1,467; $23,467
• C) $23,467; $1,467
• D) $22,000; $1,467

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